Jackson Financial (NYSE:JXN) Given New $118.00 Price Target at Barclays

Jackson Financial (NYSE:JXN) had its target price hoisted by research analysts at Barclays from $116.00 to $118.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 38.50% from the company’s current price.

Separately, Evercore ISI lowered shares of Jackson Financial from an “in-line” rating to an “underperform” rating and increased their target price for the stock from $74.00 to $95.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $92.80.

Jackson Financial Trading Down 9.0 %

JXN stock traded down $8.38 during mid-day trading on Thursday, hitting $85.20. 582,810 shares of the company were exchanged, compared to its average volume of 540,206. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $6.29 billion, a P/E ratio of -6.74 and a beta of 1.47. The business has a fifty day simple moving average of $91.26 and a 200-day simple moving average of $92.62. Jackson Financial has a 12-month low of $48.00 and a 12-month high of $115.22.

Insiders Place Their Bets

In other Jackson Financial news, Director Gregory T. Durant bought 1,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average cost of $90.28 per share, for a total transaction of $135,420.00. Following the completion of the transaction, the director now owns 32,023 shares in the company, valued at approximately $2,891,036.44. The trade was a 4.91 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jackson Financial

A number of hedge funds have recently modified their holdings of the business. Empowered Funds LLC acquired a new position in shares of Jackson Financial during the 4th quarter worth $26,000. Quarry LP acquired a new position in shares of Jackson Financial during the 4th quarter worth $28,000. World Investment Advisors LLC acquired a new position in shares of Jackson Financial during the 3rd quarter worth $31,000. Blue Trust Inc. raised its stake in shares of Jackson Financial by 232.1% during the 3rd quarter. Blue Trust Inc. now owns 372 shares of the company’s stock worth $34,000 after buying an additional 260 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Jackson Financial during the 4th quarter worth $44,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

About Jackson Financial

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.